It took fire crews 24 hours to extinguish the dock fire in Benicia. Now the port and the companies that use it are taking stock of the possible economic impact.
BENICIA — It took firefighters just over 24 hours to put out a four-alarm fire at the port of Benicia that broke out Saturday afternoon. While investigators look for the cause of the fire, the port and the companies that use it are assessing how big an economic impact the fire will have in the Bay Area.
“Any kind of a supply constraint like this will tend to push prices up,” said Dave Hackett, chairman of Stillwater Associates, a transportation and energy consulting company based in Irvine. “If the port is out of commission and there’s a challenge to bringing in crude to that refinery, that will absolutely have an impact. Valero certainly supplies a lot of California’s gasoline and, if they’re impacted in being able to process crude, that’s going to be a challenge for this region,” said Giuliani.
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